Goldman Sachs predicts oil price rise to $90 per barrel due to US sanctions

Goldman Sachs predicts oil price rise to $90 per barrel due to US sanctions The price of Brent crude oil may rise to $90 per barrel in 2025
Energy
January 13, 2025 12:58
Goldman Sachs predicts oil price rise to $90 per barrel due to US sanctions

The price of Brent crude oil may rise to $90 per barrel in 2025, according to Goldman Sachs Group Inc. analysts surveyed by Bloomberg, Report informs.

In their opinion, the most important factor will be the latest package of US sanctions against Russia, which affected, in particular, Gazprom Neft and Surgutneftegaz, dozens of oil service companies, and traders dealing with Russian oil.

According to Goldman Sachs Group Inc. analysts, oil prices could reach $90 per barrel if a future Donald Trump administration imposes sanctions on Iran, another major oil supplier. Under this scenario, Russian production and Iranian oil supplies would drop by 1 million barrels.

Despite negative factors, Goldman Sachs Group Inc. gives cautious forecasts and expects the average barrel price to be $76 this year. Experts at RBC Capital Markets LLC expect oil to trade at an average of $80 per barrel this year.

Latest news

Orphus sistemi